Saturday, June 2, 2012

Option Open Interest for 01-06-2012

Inference
Nifty opened flat to negative on the back of bad global cues and when it seemed like the Index is trying to move above the dotted line, all hell broke. The index dipped more than 100 points from the highs of the day with Bears in total control. Nifty ultimately closed the day near the lows at 4941.60 a loss of 82.65. The new series added around 10 lacs and the total OI is just 1.53 Crore, which is less than normal and can easily be manipulated by the big players.